Latest India Business News 26th November 2019 – Tentaran

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Read Latest India Business News 26th November 2019:

latest india business news 26th november

  • Ola-backed Vogo, a scooter rental startup is looking to raise $40 million from an equity funding round led by Lightstone Aspada and Mirae Asset Management.
  • Maruti Suzuki India, in order to maintain its dominant position in the market, has now revised its strategy to introduce models of Suzuki Motor Corp units in both premium Nexa dealerships and mass-market Arena showrooms.
  • Subhash Chandra, chairman of Zee Entertainment has now been allowed by the board of Zee to step down from his position.
  • Confirmtkt, a train ticket prediction startup, reported a Rs 26.73 lakhs of profit in FY19 as compared to Rs 36.22 worth of losses in FY18. The company is also in talks to raise $10 million in a Series A funding round.
  • Salcomp is planning to invest nearly Rs 2000 crores in India to make mobile chargers & other smartphone components from March 2020. It has also reached an agreement to take over a facility that was formerly owned by Nokia in Chennai.
  • Shuttl raised $18 million in a Series C round of funding from SPARX Group and Toyota Tsusho Corporation and is now planning to expand its presence all across India.

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Latest India Business News 26th November 2019

  • After facial recognition was introduced at Chaayos, digital rights experts said that it could breach privacy and lead to increased surveillance.
  • DGCA said that Indigo’s effort of modifying their old P&W engines installed on Airbus A320Neo aircraft wasn’t satisfactory. The Aviation regulator also warned IndiGo that it would ground similar aircrafts with unmodified engines.
  • Glance acquired Roposo, a short-video platform, to boost its vernacular video content capabilities.
  • Tookitaki raised a total of $19.2 million in Series A funding round in order to expand its operations in India as also to fight money laundering.

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Latest India Business News 26th November 2019

  • DXC Technology is set to hire nearly 5000 engineers in 2020 from various campuses in India as part of its growing focus in the region.
  • Anheuser-Busch InBev aka AB InBev announced the appointment of Kartikeya Sharma as President of their South Asian Business.
  • Bharti Airtel bought Quikmile primarily for its skills and expertise on building tech-enabled logistics platforms for India. They will be part of Airtel X Labs.
  • SpiceJet and Emirates signed a codeshare agreement. This would allow the opening of new routes and destinations for passengers of both airlines.
  • WhatsApp through a partnership with Startup India will be giving 500 startups a $500 worth of Facebook ad credits each. This makes nearly $250000 in the Indian Startup ecosystem.
  • India’s OYO rooms officially launched 250 hotels in Thailand with 8000 rooms in over 13 cities in Thailand.
  • Oyo also reported a Rs 2385 crores of loss in FY19. They are also currently preparing for an IPO in the next two to three years at a valuation of $18 billion.

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